Continuum Wind Energy unit to receive investment from Eastspring Investments
A subsidiary of Singapore-based Continuum Wind Energy has recently entered into an investment agreement with Eastspring Investments, the Asian asset management business of UK-based Prudential. The India-based firm, Watsun Infrabuild will receive an investment of an undisclosed amount from Eastspring. Watsun is constructing a 150 MW wind power project in the state of Tamil Nadu, India comprising 75 advanced Vestas V100 2.0 MW wind turbines to be commissioned in two phases of 54 MW and 96 MW each. The capital invested by Eastspring will be used to fund the construction activities of phase II of the project. The transaction is likely to close by June 2017.